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that obama's law, this is the not speculation, this is not regulation, the law says you have to do this or you get whacked with $600 to $2400 tax which will grow over time and penalties and interest if you're a little bit late, in order to avoid this tax, you have to fill out a form and send it into the irs. in the form, what's your health i.d. number, and imagine, we just took the straight questions that the laws says and wrote them down in an irs form, and it's a little over a page, but in point of fact the government is probably going to ask for even more than we did. and obamacare tax form.com, you can take a look at what the form will look like and the questions that you're going to have to answer minimum. >> i really want to straighten this out. i'm not sure i understand. according to the terms of the law, as now written for obamacare, you have to tell the irs your health insurance i.d. number. do you have to, and this is just on one tax form, the 1044 in april or a separate form you've got to sign it once every month? how does it-- tell me the timing of this? >> you're goin
and they ignored bankruptcy law. charles: and a lot of people, their rational, this would only hurt the fat cats and when we know this hurt a whole lot of people. >> what about the delphi investors who really lost on this one. let's take a look what they did in the gm bankruptcy, it's another case of sub bosub board nating one group. and board says, off shore earnings and makes sense they would not issue their earnings when the markets are closed. you would think they would wait until the market is open. does that mean that ford had, as you said, a good reason to issue them because they were so good. does that mean that people that are issuing them maybe are under what was estimated? >> you know what? burger king reported yesterday what i thought was a mixed number. so to your point, maybe, maybe, this is been-- by the way on that note, guys, this has been the worst earnings season in 15 years looking at the top line. so, maybe these other conditions falling into that. and even ford missed the top line by a small percent. and what they did in north america, phenomenal and has political implicati
, medicare spending, law and practices hindering fiscal responsibility and stability. it goes on and on. it seems like you are on a collision course. >> it would be irresponsible of the people of illinois to ask the other 49 states to bail us out for the spending we have been doing for decades. this is a spending driven crisis. we have structural overspending that is unsustainable. the best way to illustrate this is in 2000 we had about 1.5 million people on medicaid. we now have 3.1 million people on medicaid. that's 104% growth. while we've expanded it to a middle class entitlement. that's just unaffordable. the bottom line though is the real core problem is pensions and unfunded pensions and the pension debt that the state is paying. it is crowding out core services as you referred to charles in education healthcare spending and everywhere else. the only way out of this problem is to reform spending starting with pensions for public employees. liz: i have corporate accounting and government accounting too and boy the too are so alike in many ways. i'm reading analyst reports, john, t
Search Results 0 to 2 of about 3

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